Price of Bitcoin Sinks to Low

[Shahinaz]

The crypto market’s extended stable action took its last breath on Wednesday as the bitcoin price dipped to a new yearly low at 5280-fiat.

The BTC/USD index fell more than 12 percent ahead of the US trading session, now trading at 5439-fiat on Coinbase. The pair was trading comfortably inside a narrow trading range since September, leading many to believe that it had established a bottom around 6000-fiat. The latest selling action brought BTC/USD to its weakest mark since October 2017.
quote: https://www.ccn.com/bitcoin-price-sinks-to-new-yearly-low-as-sell-off-batters-crypto-markets/

is this the lowest value for bitcoin this year or will it go down even further?

[Andruha1993]

Yes, this is sad news. But I think the price of Bitcoin should not fall below $ 5k. In my opinion, by the end of this year she will grow. So no need to panic guys.

[ZionRTZ]

It's better to talk about this on a proper board. Why not post this on Bitcoin Discussion rather than on Altcoin Discussion?

[gurunanakji777]

Whole market tumbled down yesterday even everyone was expecting a bullish wave but market runs bearish again. Its a big blow for the holders in hope of recovering. I am also little worried even I didn't heard any negative news. I don't know why market react like this. Lets hope bitcoin will not drop from here as it already made its new yearly low.

[r.bhalla07]

Yes the price of the bitcoin is sinks to low but if we wait for the right time we can sure this coin gives more profit from this time.

[Rituvohra01]

We all know that the price of Bitcoin sinks to low but we wait for the right time to get good profit. So don't be panic.

[laughingburger]

The crypto market’s extended stable action took its last breath on Wednesday as the bitcoin price dipped to a new yearly low at 5280-fiat.

The BTC/USD index fell more than 12 percent ahead of the US trading session, now trading at 5439-fiat on Coinbase. The pair was trading comfortably inside a narrow trading range since September, leading many to believe that it had established a bottom around 6000-fiat. The latest selling action brought BTC/USD to its weakest mark since October 2017.
quote: https://www.ccn.com/bitcoin-price-sinks-to-new-yearly-low-as-sell-off-batters-crypto-markets/

is this the lowest value for bitcoin this year or will it go down even further?

My view is that most probably bitcoin will sink further, i got this thinking is due to the market conditions as of now. Whenever the market make a small recovery or getting stable a further dip tend to happen this move will make crypto users loss interest in crypto and when they see some gains most probably they will just make a sell off from there.

[Zurcemozz]

Yeah.  Its a bad news because many coins are conneted to bitcoin also, bitcoin is the most overrated coin in crypto, so if the early investor or the new one enter the market they will think twice of this year is the best one.

[Cutter Cute]

Nobody knows, even after the end of this month whether prices will continue to fall, I think the price of Bitcoin will be above $ 6000, but this is crypto we can see Bitcoin at $ 5,506.70 (-12.65%) https://coinmarketcap.com/currencies/bitcoin/

[r.bhalla07]

The market in this time is very critical position and the rates of all coins are very low and this is not a profit for sale the coins  in this time.

[Bobcrypto]

Honestly, i personally felt the slump in all prices of crypto. This is a very sad news, i think 2019 may bring the bull run. Infact, 2018 has been very a disappointing year in the history of crypto market, and i hope it recover soon so that we can regain this heavy losses.

[waitingforday]

Maybe it sinks, but not to the dip. This like a impulses and bitcoin stuck in the triangle with long flat. I think till ETF.

[trauchot]

Most likely bitcoin will fall more same as the entire cryptocurrency, a huge panic has now begun for investors, and also bitcoin cash fork, problems with some exchanges and other various causes that could affect it.

[Asebaby]

Predictions are saying the price will fall more than what it is today but those this mean that the price will not come up againg i think no is the answer it will come up again ,we just need to be patient.

[Kyoshiro]

It's better to talk about this on a proper board. Why not post this on Bitcoin Discussion rather than on Altcoin Discussion?

Maybe he/she had just done it wrongly, but anyway, a lot of users are expecting for the Bitcoin to retain its last peak price or if unnecessary just to have stable price which is way equal to $15,000 or even less. We are really having a hard time deciding whether we are holding the tokens we have or sell it already rather than to lose it's price. Waiting would be a real big deal, but even if its not that worth while, we should be wise.